• For all General and Office Inquires Call: 1-905-564-5953

Profit benchmarks established by the regulator for Ontario's insurance industry caused drivers in the province to overpay for their insurance premiums by as much as $3 to $4 billion over a dozen-year span.

A study by the Schulich School of Business at the behest of the Ontario Trial Lawyers Association revealed that the 11 per cent ROE that Ontario's Financial Services Commission established was exorbitant and an onerous burdern to Ontario consumers.

The authors of the study suggested reducing premium rates by capping the ROE at 5.8 per cent, in conjunction with other measures such as lowering the operating cost assumption. Using data from 2013, these measures could bring reductions in premium costs down by nearly 8 per cent. The present low rate of interest should allow the cap to hover around 5.5 per cent, concluded the study's authors.

Trial lawyers in the province have called for an investigation by the auditor general into the auto insurance industry in Ontario. They have also requested that the government take steps to lower the profit cap.

Liberals promise to slash consumer's car insurance rates on an average of 15 per cent. The Finance Minister's spokeswoman announced rates dropped over 6 per cent in the last two years. According to his press secretary, they "look forward to reviewing the report."

It's never been a secret that the insurance industry in Canada is profit-driven with the goal of limiting payouts and low-balling settlement offers whenever possible. It can be quite difficult for the average Ontario resident to successfully negotiate with an insurance adjuster to get the highest value for one's personal injury claim. Retaining an Ontario attorney familiar with the machinations of the insurance industry can be very helpful.

Life Changing Results & Settlements*

$2
Million

Head Injury

Truck Accident

Settled without the need of a Trial /Tribunal hearing

$1.06
Million

Pedestrian Head Injury

Truck Accident

Settled without the need of a Trial

$1
Million

Elbow fracture

Car Accident

Settled without the need of a Trial

$1
Million

Psychological and Shoulder Injury

Car Accident

Settled without the need of a Trial

$1.3
Million

Psychological and Chronic Pain

Car Accident

Settled without the need of a Trial

$1.025
Million

Psychological and Knee Injury

Car Accident

Settled without the need of a Trial

$1.5
Million

Psychiatric and TBI

Car Accident

Settled without the need of a Trial

$1.43
Million

Femur Fracture

Car Accident

Settled without the need of a Trial

$500K

Long Term Disability

Age 55 Denied LTD

Settled without the need of a Trial

$1.8
Million

Fatality Accident

Car Accident

Settled without the need of a Trial

250K

Psychological/Depression

LTD

Settled without the need of a Trial

725K

Soft tissues & psychological injury

Car Accident

Settled without the need of a Trial

Life Changing Results & Settlements*

$2
Million

Head Injury

Truck Accident

Settled without the need of a Trial /Tribunal hearing

$1.06
Million

Pedestrian Head Injury

Truck Accident

Settled without the need of a Trial

$1
Million

Elbow fracture

Car Accident

Settled without the need of a Trial

$1
Million

Psychological and Shoulder Injury

Car Accident

Settled without the need of a Trial

$1.3
Million

Psychological and Chronic Pain

Car Accident

Settled without the need of a Trial

$1.025
Million

Psychological and Knee Injury

Car Accident

Settled without the need of a Trial

$1.5
Million

Psychiatric and TBI

Car Accident

Settled without the need of a Trial

$1.43
Million

Femur Fracture

Car Accident

Settled without the need of a Trial

$500K

Long Term Disability

Age 55 Denied LTD

Settled without the need of a Trial

$1.8
Million

Fatality Accident

Car Accident

Settled without the need of a Trial

250K

Psychological/Depression

LTD

Settled without the need of a Trial

725K

Soft tissues & psychological injury

Car Accident

Settled without the need of a Trial

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Meet Our Attorneys

Muhammad M. Alam

Muhammad M. Alam

Founder & Managing Barrister

Muhammad M. Alam is a Barrister-at-Law of Osgoode Hall in Toronto and he is the Founder and Managing Barrister of Alam Law Firm. Muhammad is passionate of ADR in litigations. He holds designation of a “Qualified Mediator” as well as a “Qualified Arbitrator” and a member of ADR Institute of Canada and ADR Institute of Ontario.

M. Aftab Alam

M. Aftab Alam

Managing Barrister

M. Aftab Alam holds a Bachelors of Engineering in Industrial and Manufacturing Engineering, a Masters in Mechanical Engineering from Ryerson University, a Bachelors in law , LL.B, and a Masters in law, LL.M from Osgoode Hall Law School.

Laurencia Fasoyiro

Laurencia Fasoyiro

Senior Lawyer

Laurencia Fasoyiro is a Barrister and Solicitor with Alam Law Firm, PC. She has over 15 years of combined experience practicing law in Texas U.S.A and Ontario, Canada. She is a member of the law society of Upper Canada and a member of the State Bar of Texas.

Laurencia Fasoyiro

Naina Tandon

Associate

Naina Tandon obtained her Bachelor of Arts (Political Science) and Law Degree from the University of Delhi in 1985 and 1988, respectively. Upon being called to the bar in 1988, she practiced law in New Delhi, India, with a reputable law firm, C..R. Dua & Associates, for several years before relocating to Canada.

Our Team

168

24/7 Emergency Hotline for Injury Victims Only

1-416-625-2636



For all General and Office Inquires

1-905-564-5953



Our Offices

MISSISSAUGA
5100 Dixie Road
Mississauga, ON L4W 1C9

Toll Free: 877-345-0541
Mississauga Law Office Map

SCARBOROUGH
305 Milner Avenue, Suite 203
Toronto, ON M1B 3V4

Map & Directions

RICHMONDHILL

HAMILTON
948 Main Street East
Hamilton, ON L8M 1M8

Toll Free: 877-345-0541
Map & Directions

TORONTO
3280 Danforth Avenue
Toronto, ON M1L 1C3

Toll Free: 877-345-0541
Map & Directions

*Please note that past results are not necessarily indicative of future results and litigation outcomes will vary according to the facts of individual cases.

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